natural gas

Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946. At A Glance: December Nymex falls to $2.794 National Avg. surges to $3.720 NGI…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The drama of the Lakach offshore natural gas field serves to underline the difficulties Mexico faces as it tries to develop its…

The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher. Natural gas futures fell for a fourth session Tuesday after an early move higher fizzled. Bulls were…

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement. At A Glance: Forecasts shave off more demand Production near…

Mexico’s natural gas market remains intact and competitive near the end of the Andrés Manuel López Obrador presidency, according to experts who spoke last week in San Antonio, TX. At the US-Mexico Natural Gas Forum, former Comisión Reguladora de Energía (CRE) chairman Guillmero Garcia Alcocer said “it’s a very alive, very intense” natural gas market…

Natural gas futures prices could not regain their footing Friday after the latest government storage report sounded a clarion of potential oversupply and set off a bear stampede. At A Glance: Prompt month falls to $2.960 Warm December outlooks, stout supply weigh Texas leads cash prices lower The December Nymex natural gas futures contract settled…

Mexico’s pipeline imports of U.S. natural gas should continue rising over the coming years even in the most conservative demand scenarios, experts agreed at the US-Mexico Natural Gas Forum. The power sector is driving demand growth currently, a trend that is likely to continue in the immediate term as state power company Comisión Federal de…

Natural gas futures slumped Thursday after a bearish government inventory report showed gas in storage grew faster than expected in early November, underscoring the effect of record production levels amid a mild start to winter to draw out the bears. The December Nymex natural gas futures contract settled at $3.062/MMBtu, down 12.8 cents day/day. NGI’s…

WhiteHawk Energy LLC said it acquired additional Marcellus Shale natural gas mineral and royalty assets from an undisclosed seller for $54 million. The acquisition increases the Philadelphia-based company’s mineral and royalty ownership in its existing 475,000 gross acre position in the Marcellus by 100%. The assets are mostly in Washington and Greene counties of Pennsylvania.…